On June 4, the People's Bank of China announced plans to conduct a 500 billion yuan reverse repurchase operation on June 5, using a fixed quantity and interest rate bidding method with multiple price levels. According to Jin10, this operation, with a three-month term, will result in a net withdrawal of 500 billion yuan, as there is a maturity of 1 trillion yuan for this term this month. The scale of funds withdrawn is larger compared to last month's operations. Market institutions generally perceive the recent open market operations by the central bank as a response to the ample liquidity in the banking system and the decreased demand for liquidity from financial institutions. The central bank has accordingly reduced the scale of its monetary policy tools to prevent excessive declines in market interest rates and to guide the overnight funding rate (DR001) to operate near the policy rate level. Since April, the DR001 has remained around 1.2% for an extended period, gradually rising to approximately 1.3% by late May. Pang Ming, a senior research fellow at the National Institution for Finance and Development, noted, "As we approach the end-of-quarter window in early June, the central bank's recent open market operations signal an intention to avoid excessive liquidity injections while also preventing a tight funding environment. This aims to stabilize market expectations and provide policy space for upcoming cross-quarter funding fluctuations."

The European Central Bank's latest report reveals that gold now constitutes 27% of global official reserve assets, surpassing U.S. Treasuries to become the leading asset in global reserves. According to Odaily, the report highlights that U.S. Treasuries have decreased to 22% of global official reserve assets, while other dollar-denominated reserve assets account for 20%, and euro reserve assets make up 15%. The significant increase in gold reserves is primarily attributed to valuation effects, driven by the sharp rise in international gold prices in 2024 and 2025, which has elevated the value of gold assets and expanded their share in global official reserves.

Nscale has announced a significant milestone, securing nearly $4 billion in total funding following a successful $2 billion Series C funding round. According to NS3.AI, this latest investment elevates the AI infrastructure startup's valuation to $14.6 billion. Nscale specializes in AI data centers and enterprise computing leases, positioning itself as a key player in the AI infrastructure sector.

The Reserve Bank of India (RBI) has dismissed a report by Bloomberg Economics suggesting that India sold $12 billion in gold reserves to bolster the rupee. According to NS3.AI, the RBI clarified that its physical gold holdings remain steady at 880.52 tonnes. Additionally, the Press Information Bureau (PIB) confirmed that India has not sold gold to support the rupee against the US dollar.

The Clarity Act is encountering significant legislative challenges, with disputes over stablecoin yield emerging as a major point of contention, according to CoinDesk. The bank highlighted these issues as key obstacles in the legislative process, underscoring the complexities involved in reaching a consensus on the regulation of stablecoin yields.

Spacecoin has signed a memorandum of understanding with Vietnamese tech company DETI Technology to deploy decentralized satellite connectivity services in Vietnam. According to Foresight News, the agreement aims to generate at least $100 million in annual revenue once it reaches commercial operation. The project will primarily serve Vietnam's two major mobile operators, Mobifone and Gtel. DETI holds exclusive rights to develop and deploy this infrastructure in Vietnam within three years from the date of obtaining the necessary licenses.

SVB, chatGPT, trading 30 years of early death for a trillion-dollar valuation: Silicon Valley is starting to reward those who don't value their lives again. Golden Finance: Silicon Valley has been debating a question lately: how much is a life worth?

India's HDFC Mutual Fund has announced a suspension on large lump sum investments in its gold exchange-traded funds (ETFs). According to Jin10, this decision comes amid market developments affecting the gold sector. The move is expected to impact investors looking to make significant investments in gold ETFs through HDFC.

Artificial Intelligence, AIGC, and Tokens Must Die? Jinse Finance: Can the Large Language Model Paradigm Lead to AGI (Artificial General Intelligence)?

Artificial intelligence is rapidly lowering the barriers to cybercrime, allowing attackers with limited technical expertise to carry out operations that once required highly skilled hackers, claims Anthropic.

xAI's setbacks remind us that the scarcest thing in the AI ​​era is not just hardware.

SpaceX, Elon Musk, IPO: Why SpaceX's IPO Will Be a Century-Long Harvest (Golden Finance): Don't Try to Short SpaceX.

Coinbase froze over $3 million in crypto linked to Southeast Asian scam networks as part of a US Department of Justice-led operation involving companies like Meta, Microsoft, Google, Apple and SpaceX, alongside global law enforcement.

The long-running battle between Bitcoin Core and Bitcoin Knots has spilled into one of the ecosystem's largest online communities after Reddit moderators permanently banned a leading Knots advocate for posting about the controversial BIP-110 proposal.

Netflix is rolling out new AI tools, including voice search and personalised recommendations, to help viewers find content more easily. The company says generative AI will use viewing habits, preferences and trends to reduce content overload and improve discovery.

Cryptocurrency, crypto market, market trends, 5 truths you must see through if you want to continue making a living in the crypto world - Golden Finance, 5 survival rules from a veteran in the crypto world.

SpaceX’s three businesses all have great potential, but upon closer inspection, they all seem contradictory.